/ 03 OCT 2015, 24:14
The technology company Google Inc. Friday officially became Alphabet at the close of the New York Stock Exchange and will start trading under that name on Monday in the markets.
The company completed the move to reorganize and be known as Alphabet and its shares will begin to sell well in the Nasdaq, although the key slate GOOG and GOOGL will remain, as it had announced Larry Page , one of the founders of the company and current CEO.
Each share of Google automatically become Alphabet portfolio.
SEE ALSO Google changes its structure corporate under the name Alphabet class=”mce”
The company, located in Mountain View, California , he said in August that this would create a new company that would oversee both its highly lucrative business on the Internet and its growing group of companies engaged in other businesses, among which are the construction of self-drivable cars and researching ways to prolong human life.
The goal is to give more independence to the divisions as Nest , which produces home appliances connected to Internet; Calico , which is leading an innovative health research; and Fiber , the division that seeks to bring high speed internet to different parts class=”mce” US
As part of the reorganization, the company will begin reporting its financial results by segment.
SEE ALSO Why Google creates the holding Alphabet
class=”mce”
The new corporate umbrella also includes Google X , splitting develop ambitious research projects such as the self vehicle.
Also on the conglomerate Google Ventures , its venture capital arm, and Google Capital , a division that invests in the final stages of financing emerging companies (startups).
Larry Page and Sergey Brin, the co-founders of Google, said when the announcement was made in August, that the object to the restructuring is to have more room for maneuver, allowing them to manage operations that are not closely related.
It is expected that from the fourth quarter of this year, Google provide different financial results for the core business, which includes search engine, ads, YouTube Android browser Chrome -. and all other divisions together Alphabet
Google’s revenues totaled $ 66,000 million last year. Advertising, both in the search and YouTube, accounted for 89% of the total.
The sale of mobile applications, as well as music and movies on your Play Store through Android phones, represent the second largest source of revenue for the firm
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